Acquisitions News

Coinbase to Acquire Leading Crypto Brokerage Platform Tagomi

Image Credit : Coinbase

Cryptocurrency giant Coinbase is all set to acquire a Leading Crypto Brokerage Platform Tagomi.

According to Coinbase, the exchange has seen a “swell in demand” for crypto investment opportunities from institutional clients over the past year, which has prompted it to roll out new targeted offerings such as margin trading and has boosted growth in its professional custody service, Coinbase Custody.

Coinbase has seen a swell in demand from institutional investors over the past year, driving tremendous growth in our Coinbase Custody offering and increased volumes on our trading platforms. 

The addition of Tagomi will round out our product suite for the fast-growing institutional trading market. It will allow us to offer custody, professional trading features, and prime brokerage services on one platform, giving sophisticated investors the seamless, powerful trading experience they have come to expect in equities and FX markets.

About Tagomi

Since its launch 18 months ago, Tagomi has established itself as a reputable, regulated crypto brokerage firm, securing the notoriously exacting BitLicense from the New York State Department of Financial Services in March of last year. 

Tagomi has become the platform of choice for many advanced traders, hedge funds, and family offices, including well-known names such as Paradigm, Pantera, Bitwise, Muticoin, and many more. The company has also built out an executive team with a rare blend of traditional financial services and crypto experience, led by co-founders Greg Tusar, Jennifer Campbell, and Marc Bhargava. The Tagomi bench brings experience from leading firms like Goldman Sachs, Citadel, KCG, Tower Research, and USV.

In its announcement today, Coinbase noted that Tagomi had become “the platform of choice for many advanced traders, hedge funds, and family offices,” including Paradigm, Pantera, Bitwise and Muticoin.

The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close later this year.

Source : Coinbase and Cointelegrap

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